Rent vs Buy in Maine

Compare 4 cities across Maine. Find out whether renting or buying makes more financial sense in your area.

4cities analyzed
Avg Home:$359,293
Avg Rent:$1,709/mo
Avg Price/Rent:17.3

Maine Housing Market Summary

4

Cities Analyzed

0

Favor Buying

4

Favor Renting

0

Toss-Up

Across Maine's 4 analyzed cities, the majority (4 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Maine.

The average home price in Maine is $359,293, with average rents at $1,709/month. This gives an average price-to-rent ratio of 17.3.

$Most Affordable Cities

1

Bangor

$270,056.91

Rent
2

Augusta

$307,223.72

Rent
3

Lewiston

$319,791.34

Rent

$$Most Expensive Cities

1

Portland

$540,099.47

Rent
2

Lewiston

$319,791.34

Rent
3

Augusta

$307,223.72

Rent

All Maine Cities

Sorted by population. Click any city for detailed analysis.

CityMedian PriceMedian RentPrice/RentBreak-evenVerdict
Portland$540,099.47$2,331.4419.3N/ARent
Lewiston$319,791.34$1,552.1217.2N/ARent
Bangor$270,056.91$1,508.5314.9N/ARent
Augusta$307,223.72$1,443.217.7N/ARent

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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.

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